What is a Prenup?
Planning a wedding and preparing for marriage is one of the most exciting times of your life. Unfortunately, the legal ramifications of marriage often creep into the picture when the future spouse presents a premarital greement (known elsewhere as a prenuptial agreement). Though these requests are less-than-romantic, it shouldn’t spoil anything about your upcoming marriage. Premarital agreements can be a smart choice for you and your soon-to-be-spouse as you begin your new life together.

A premarital agreement is a contract entered into between soon-to-be spouses. They identify the various assets and debts of each spouse and address how those assets and debts will be handled should the marriage end by death or divorce. Many premarital agreements also focus on how financial issues will be handled during the marriage.

To be enforced, premarital agreements must be in writing, signed by both spouses under conditions that included no duress or fraud, and contain a complete disclosure of assets as well as their values.

Is a Premarital Agreement Right for Me?

Many people assume premarital agreements are only necessary for rich couples or for instances in which one spouse has a great deal more at risk than the other. This is not true.
It is not necessary for either spouse to have a significant amount of money or assets for a premarital agreement to be a wise choice. Many couples use premarital agreements in their second marriages, especially if they have children from prior marriages or relationships. The goal is to protect the financial interest of their children, as well as each spouse who enters into the new marriage.

There is no reason to rush into a premarital agreement – whether you are creating one or deciding whether or not to sign one. Like all important legal decisions, think it over, consider your options, and make the most informed decision possible. It is in your best interest to consult with an experienced attorney.

The attorneys at Moskowitz & Moskowitz, LLC have experience dealing with premarital agreements in Cincinnati, OH. We skillfully represent our clients in all aspects of family law.